Heartland Payment (HPY) Buys LunchByte Systems
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Heartland Payment Systems (NYSE: HPY) has acquired LunchByte Systems, Inc., a school foodservice back office management and point-of-sale (POS) company led by its NUTRIKIDS (www.nutrikids.com) solution of menu management, inventory management and POS solutions for K-12 administrators, staff, parents and students.
Following the 2011 acquisitions of four other providers in the K-12 space, the LunchByte Systems acquisition further expands Heartland School Solutions' market-leading position in the K-12 school nutrition and POS technology industry. Heartland School Solutions now serves more than 29,000 K-12 schools across the United States, representing a nearly 30 percent market share.
Following the 2011 acquisitions of four other providers in the K-12 space, the LunchByte Systems acquisition further expands Heartland School Solutions' market-leading position in the K-12 school nutrition and POS technology industry. Heartland School Solutions now serves more than 29,000 K-12 schools across the United States, representing a nearly 30 percent market share.
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